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Search Results 0 to 49 of about 826 (some duplicates have been removed)
're in a very slow economy. so i think that in this particular third-quarter earnings period the chance of a good surprise, a meaningful good surprise or a meaningful disappointment, it's pretty low. the street expects poor earnings comparison. that is what we're going to get. whether you are a couple percent decline or a couple percent gain. it's really not that much different. so it's looking ahead. remember earnings are a trailing indicator. >> so are we going to get a surprise or a disappointment you think from alcoa. everybody looks at this as setting thtone for trading as you mentioned. it will be the first dow component to report. it also when you look at the company, it has businesses in autos, aerospace, packaging, construction, so it is kind of a bellwether for the economy. what will those alcoa earnings tell us. >> well, alcoa reports first all the time, obviously. and i don't think that is a good idea to use that as a bellwether for earnings. think of the sector that alcoa is in. materials are going to have some was comparisons, really, energy and materials are going to be t
like jobs and the economy, the federal debt, and the future of medicare. tonight's debate is being broadcast on television stations throughout virginia and you can join live conversation about the debate on twitter, hashtag, people's debate. here is a look at the guidelines for tonight's debate. candidates will answer questions from me and our panel of four. for each question, each candidate will have 90 seconds to respond. the other will have 60 seconds for a rebuttal. there may also be a need for an additional rebuttal with a follow-up question which i will ask at various times. at the conclusion of tonight's debate, the candidates will have two minutes each to sum up their thoughts. let's meet the panel. from the league of women voters of virginia, president lynn gordon. from wtvr cbs 6, anchor stephanie rochon. also joining us, the state director of aarp virginia, bill kallio. and from wcve-fm, vice president and general manager bill miller. thank you all for being with us this evening. it was determined by a coin toss that tim kaine will be the first to deliver his opening sta
economy. >> 7.8. >> 7.8. >> there's no way that's right. >> there are some people out here who don't like this number. >> the harsh back and forth. >> over today's jobs reports. >> now we've sea got jobbers. >> business pioneer jack welch calls these numbers into question. >> these numbers don't smell right. >> jack welch was a successful businessman. >> this is about asking questions. >> on this subject he has absolutely no idea what he's talking about. congressman west, take it away. >> you can't deny the numbers. >> don't challenge my intelligence. >> there's not a shred of evidence they've ever manipulated this number. >> people have stopped looking for work. >> more and more people have just stopped looking for work. >> that is definitely not the case. >> completely wrong. >> people are not giving up. they're gomg back into the work force. >> i think i get the last word. >> i won't allow that to happen and that is why i'm running for a second term of president of the united states. >>> good evening, i'm ezra klein in for lawrence o'donnell. it's 32 days until the election, though we
's helping the economy make a comeback. a "set back" for stocks, on investor jitters about the global economy. the major averages are now in negative territory for october. is this a buying opportunity or time to take profits? and toyota, once known for quality, announces yetnother major recall. does this make toyota less popular with consumers? that and more tonight on "n.b.r."! the nation's housing market appears to be building a new foundation. that's according to the latest snapshot of the u.s. economy released today by the federal reserve. the so-called "beige book" compiles data from 12 fed districts, and it shows residential real estate improved in "all" districts in september. anecdotes from business contacts and economists noted existg home sales strengthened, while prices rose or stayed stable. suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 1
at the end of the day. when the economy is much less strong as is the case today, they don't do that. they have no need to do that. there is nothing more potent as a driver of education for those with less skill than a taught labor market and the need to hire. i would suggest to you that those who assert that slow growth and stimulus and what happens in the short run is the short run issue, what is most important is the concept of long run fundamentalss this the crucial point -- miss the crucial point. we are by allowing the economy remains stagnant committing grievous structural sins. we are squandering human capital as people withdraw from the labour force. we are missing opportunities for employment and training for workers in their most formative years. we are running an active set of measures that discourage investment in finding the most disadvantaged workers and we are providing limitations on the incentive to invests in research and development as a product of tomorrow. how then to think about our current situation and the strategy for moving forward? it is i think right to s
for the last two months finding the economy actually added 181,000 jobs up from 141,000 in august. and in august the economy added 142,000 jobs up from the initially lack luster 96,000 initially reported. so there were in total 200,000 new jobs on this jobs report. president obama tried to put today's good news jobs report in context, campaigning in virginia. >> after losing about 800,000 jobs a month when i took office, our businesses have now added 5.2 million new jobs over the past 2 1/2 years. this morning we found out that the unemployment rate has fallen to its lowest level since i took office. more americans entered the work force, more people are getting jobs. it's a reminder that this country has come too far to turn back now. >> mitt romney also campaigning in virginia. not as impressed. >> we don't have to stay in the path we've been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month. and the unemployment rate as you know this year has come down very slowl
will go up. from the bottom 10% to 15%. you argue that nothing puts chill in the economy more than that. >> absolutely. we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know. he's promising that for one year he won't raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. they made it permanent for nobody. that telegraphs the plan. af
and governor romney promised better days ahead, but when will this economy finally start working again for the middle class? the middle class is stuck in the middle. ♪ here i am stuck in the middle with you ♪ >> the classic song was from 1973, but today's middle class is stuck as two political parties run away from the center. what the middle class needs is a deal. >> let's make a deal! >> to grow jobs and to fix the fiscal cliff. senators are talking about starting to talk. how close are they? those of you in the middle are stuck between a near-term fiscal cliff calamity and a long-term debt disaster. one means a recession and lost jobs. ignoring the other means slower growth and lost jobs. it will take real statesmanship, washington, to tackle both at the same time. meantime, it's the jobs right in the middle that disappear, and majority of jobs created make just 13 bucks an hour or less. you're stuck in the middle of closing arguments of an election year, but the two words that matter most to the middle class, you're hired. and in a moment we will look at whether enough jobs are
is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p
. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borrowing. people think that's what were promised. now look there will be some people who say, and this is an important argument, they'll be some people who say, well there is short-term pain but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see that the longer you have low growth in our country the bigger the debt hole becomes for the future and the bigger our problems will be in the future. the longer a young person is out of work that is not just bad for their prospects now; it is bad for their prosp
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
in the first place. wall street cannot be allowed to be reinstated. it drove our economy off the cliff and people tried to punish our records but they were not the ones that drove off the cliff. yet that is where the budget goes to recoup. it's time for us to have responsible regulation that makes sense. >> thank you very much >> moderator: final question i will be asking. you have three minutes to both answer the question and then make your closing remarks. mr. renacci, you talk a lot about a bipartisan group that you are a member of, 16 members, eight republicans, eight democrats, and devotee sutton you talk about reaching across the offer cash for clunkers. no single party can have all of the good ideas. i wonder what you heard from your colleagues on the other side of the all that makes sense, and what are you doing specifically to bring the governments instead of gridlock to the nation's capital? and i think we split ahead of time, and the first response, final response will go to congresswoman sutton. sutton: thanks very much for the question. i think building those relationships
the unemployment rate was 7.8% in september. that is down three tenths of a point from august. the economy created 114,000 jobs and the labor department revised upward the job creation numbers for the previous two months. it now says 181,000 jobs were created in july and 142,000 in august. a total of 86,000 more than first reported. we asked anthony mason to tell us what's behind these improved numbers. >> reporter: in circle pines, minnesota, where delkor systems makes food package magazines, c.e.o. dale anderson has hired 40 people this year and now has 160 employees. >> i think the economy has really -- it's picking up. >> reporter: ryan is one of these new workers. after leaving his job in construction, he retrained to become a machinist. d i chose manufacturing for the reasons that, you know, it's not -- doesn't seem as affected by small swings in the economy. >> reporter: delkor tripled its research and development budget during the recession. it's paid off. anderson is building this new heant. >> that's the reason we're moving and we have plans to continue hiring. >> reporter: nationally th
the economy. people are saying in the business community is that a guy that's unconnected -- this detached could ruin another four years for the country. neil: you reminded me that things could change in politics. a week ago at this time, mitt romney couldn't win. are we to tread carefully here making statements? >> you know, here is the deal. the romney campaign is on an upsurge. fundraisers, super pac razors, everybody on the gop is going to take advantage of that. because we never know what's going to be on the flipside. we don't know what's coming around after the next debate. so everybody is taking advantage of it. yes, your answer is we are on a roll right noo and we are taking advantage of it and we are going to do everything that we can. we don't know. you know come the next flip back and it can be obama. this is a very volatile race and it's tight. >> there is no doubt a couple of weeks ago and it looked like he was losing -- there was no doubt that his contribution -- they were saying that we are going to divert a ton of money to house and senate candidates in that debate proves
, applications today are refinance applications and a lot of that money is coming back into the economy and will help during the fourth quarter. that's the good news. bad news is all the job losses on the good producing side of the sector. manufacturing job loss two months in a row. that's global demand and the global weakness. you see the unevenness of the recovery persist. >> that's the stuff that presidential candidates or presidents can have difficulty moving the needle on. you did talk about housing which i've been calling the golden lining around the cloud. i want to bring in don peebles. he owns a real estate firm. he's a democrat. don most of your work is in sort of bigger stuff. you're not buying individual homes. but there's definitely stuff going on in the construction sect jobs in home building, in home buying as diane said in refinancing. these low rates as expensive as they've been to keep in place seem to be combining with low home price, low property price and causing some activity. >> the housing market has picked up especially in more of our global cities. if you look
to understanding the problems of our economy, presenting a plan for the american people, so i think that paul is going to do -- going to do a great job, but i also think it's very important for people to understand, and i think people realize that joe biden is a gifted or ator. he is very good at rhetoric, and i think is he very relatable so i think it's two different people, and i think it's going to be a great night. >> have you talked to ryan at all about his debate performance, what he needs to do, that whole thing? >> sure. paul is one of my very good friends. i talk to paul all the time about a lot of different things, but i think he is taking it very seriously. sure. i think both parties should be nervous. i mean, it's a big night. it's a big -- it's always going to be a big night. >> do you think it makes a difference? there are a lot of people who say, look, the debates are a side show. it's all about -- do you think that ryan has to keep the momentum going from what was widely seen as a mitt romney win in denver? >> we had a good week last week. there's no doubt about it. we have to
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
, the economy comes to life. norfolk southern. one line, infinite possibilities. >> we know why we're here. to connect our forces to what they need when they need it. >> to help troops see danger before it sees them. >> to answer the call of the brave and bring them safely home. >> around the globe, the people of boeing are working together to support and protect all who serve. >> that's why we're here. >> corporate funding is also provided by prudential financial. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. the first debate is behind us and the presidential race is tighter than ever. for different reasons, both candidates returned to the campaign trail this week with renewed vigor. >> you may know that a couple of nights ago we had a debate. you may have got an chance to see that. i got the chance to ask the president some questions i think people across the country have wanted to ask
on the government? >> that's two questions. it is partly the result of the sanctions. iran's economy is being squeezed. it can't sell oil that it wants to in the quantities that it wants to. the result is there is no confidence in the local currency, the rial. but as yet, it hasn't had the effect of changing tehran's mind in its nuclear program. the first indication which would be a willingness to cooperate with the rest of the world and to answer some rather pertinent questions about its nuclear program. what was it doing and what were those activities all about? melissa: in the meantime we've been hearing reports about this growing rift between ahmadinejad and the ayatollah khomeni. do you believe that and how does that change the situation? >> it helps the situation but it doesn't really change the situation. confusingly iran has not only a president, ahmadinejad but also a supreme leader, ayatollah ali khomeni. the supreme leader, as the name would suggest, is much more senior person than the president and the problem here is that although ahmadinejad was khomeni's candidate for the job,
's the world economy and the u.s. economy. the imf cited two reasons things could get worse, first if european lead s fail to support their ailing economies and second if leaders here in the united states let us plunge over the fiscal cliff. the imf sister organization, the world bank citing the same two factors, cut its growth forecast for asia this week as well. now, that's for the next couple of years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election? that depends on which of these two roads america takes on election day. i'll take you down both paths on this show starting with what 2016 will look like under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. as i keep telling you, that claim it ridiculous, considering the sluggish growth we're seeing right now and the new downward revision. but for the purposes of this exercise, i'll take him at his word and presume an historic surge in jobs lies ahead. let's talk about taxes next. i'm going to let governor romney explain this for himse
zakaria. welcome from all over. i'm fareed zakaria. the state economy. i was the topic of this week's presidential debate and be d deciding week of the election. we're often told we need to get businesses to start investsing and hiring. well, we have three powerhouse ceos on the show. lloyd blankfein, and john of cisco systems. next, 11 years after 9/11, do we have to worry about al qaeda again? i'll talk to the former cia chief michael hayden about the aftermath of the benghazi attack. >>> and on his decade in hiding after a threat was placed on his life. >>> also, if china's growth slows, should the rest of us cheer? no. >>> first, here's my take. the pundit dees claired mitt romney the winner. he was. obama seemed passive, detached, and glum. but what's more significant than how romney said things is what he said. romney repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a
reported having jobs. senator ayotte, isn't the economy getting better? well, i think, what is disappointing about the report is the down tick we saw in unemployment is because of part-time work, for economic reasons, so people who want full-time jobs, taking lower pay, you can't support a family on part-time work. and of course we still have the sad fact that we have the lowest labor participatings rate since 1981, and if the number of people who were working or participating in the workforce were the same as when the president came into office the unemployment rate would really be 11%, so, i don't think there is any cause to celebrate, here and i think if you told the american people four years ago, that the unemployment rate is going to be 7.8%, at this point, during the president's term, i don't think anyone should be satisfied or happy with that. >> chris: governor, are you satisfied for happy. >> i don't think any of us should be happy, we want to return to full employment. and, what we have seen now is 31 months in a row, consecutive months in a row of private sector
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net- jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply-side economics, the level of the top rate does not by itself dictate what happens to gdp. a balanced budget aided by increased revenues just might restore confidence to investors and jump-start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since
. that promise is rapidly slipping away because our economy is on the wrong track. 170,000 people woke up in our state this morning without a job. we can get our economy back on track if we get our people back to work. i have a plan to do that. i have been there. i've been bankrupt. i've lost everything and i have been able to come back. that's what we need a -- that's what we need to do. the plans my opponent has support in washington has only made things worse. you can look it a path for someone who has created millions of jobs or you can look at the path for someone who's going to push the economy of the fiscal cliff. >> thank you very much and thank you to channel three. i'm looking forward to this morning. i am a product of connecticut possible class. my grandfather worked in the factories of new britain, my mother is a retired schoolteacher. i was raised to believe i need to live my life in a way to stand up for the bill class families of the state that has meant so much to my family. i passed the connecticut stem cell law which is saving lives and putting people to work. i went to congres
is the first dow component to report earnings, and is considered a bellwether of how the economy is faring. the stock barely budged in the regular session, closing at $9.13 a share, and was up a few pennies after hours. we're happy to have with us now alcoa c.e.o. klaus kleinfeld. >> welcome back to nightly business report. baseed on how alcoa did in the third quarter, how do you think business will be for you for the rest of this year and going into 2013? >> well, it's a miktsed word out there. there's a lot of volatility. we see in the end markets that we confirm, the aluminum market is going to be about growth six percent. we took is down a notch from seven percent. as you just said, this is a decade where aluminum demand has doubled. there's high growth also here in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commerc
Search Results 0 to 49 of about 826 (some duplicates have been removed)